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president obama and they compare president clinton. and the suggestion is that president obama has not been able to lead the same way, not been able to cross the aisle. do you think that's right? >> i think that president clinton was effective in crossing the aisle. and i think president obama would have been every bit as effective, but i think he faced a very different political situation. by the time you got from the '90s when we were there to the present time the polarization had hardened very substantially and i think had president obama faced the same political situation that president clinton had it would have been very difficult, just as it was very difficult for president clinton, but i think obama in a different style, in his own way, would have been equally effective working with the opposition. >> we have lots of ceos who came on the set before the election who said that president obama was not pro-business. he was not pro-growth. he was not -- you've heard it. you've heard it a lot. do you believe that? having lived in washington. what's your take on that issue? >> my take is as
secretary under president clinton. let's talk with buzz words we hear again and again, a balanced approach to balance and spend. people have their own views what balanced and fair means. you spend time talking to people inside the white house. what does that mean in practice? >> you go back over the past year, the word balance has really meant what is the long way to get long term fiscal debt reduction and fiscal responsibility between revenue and spending cuts. i think today that discussion of balance has actually migrated to one of also timing, the idea of what is good for the short term to get the recovery on track versus what is good for the long term, in terms of getting obviously debt to gdp to a manageable level. from my perspective, a balance today says recognizing that government has an important part, in terms of the short term keeping the recovery going. you saw last quarter, gdp flat. why? the biggest component of that, government spending, down a point and half. >> why don't we see then the obama administration take an approach, we're not going to do anything this second, 10 y
Search Results 0 to 1 of about 2